ON THE face of it Samsung, South Korea’s biggest chaebol, as the country’s family-controlled groups are known, has had a good couple of months. In April it was name-checked in a report by the country’s antitrust body for good progress on corporate reform. It also posted record profits for the fourth quarter in a row, thanks mainly to its booming memory-chip business as well as its Galaxy range of smartphones. But on May 15th prosecutors spoiled the mood. They raided Samsung’s offices outside Seoul and arrested Choi Pyeong-seok, head of human resources at the after-sales subsidiary of Samsung Electronics, the group’s main earner, on allegations that he had been involved in sabotaging labour-union activities and might destroy evidence unless he was jailed (he has not responded to the allegations).
Mr Choi’s arrest is part of an attempt by prosecutors to prove systematic breaches of labour law at the company’s highest levels. (Samsung says it is unable to...Continue reading
from Business and finance https://www.economist.com/news/business/21742772-country-tradition-vibrant-industrial-action-biggest-chaebol-has-little-union?fsrc=rss
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